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Botswana vs Saint Kitts and Nevis

Crypto regulation comparison

← Back to map | Botswana | Saint Kitts and Nevis
Botswana

Botswana

Saint Kitts and Nevis

Saint Kitts and Nevis

Legal
Legal

Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.

Saint Kitts and Nevis has taken a crypto-friendly approach. No income or capital gains tax. The country accepts crypto for citizenship by investment.

Tax Type None
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator Eastern Caribbean Central Bank (ECCB), Financial Services Regulatory Commission
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Virtual Assets Act enacted in 2022, effective Feb 22, 2022
  • First African country to issue crypto licenses via NBFIRA
  • 4 licensed VASPs as of December 2024
  • Bank of Botswana assesses domestic crypto risks as minimal
  • Unregistered crypto dealers face fines up to P250,000 or imprisonment
Key Points
  • Crypto-friendly regulatory approach
  • No income or capital gains tax
  • Citizenship by investment accepts cryptocurrency
  • ECCB provides regional monetary oversight
  • Growing digital economy initiatives
Sources
Sources